MBA1377 Does Business Get Easier as You Grow? + Free Ride Friday

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Hey, two quick announcements before we begin today's episode. I'm going to be teaching a live online class on how to build your own automated webinar system. If you want to be able to generate leads and more sales for your business and automate the whole thing, I'm going to be sharing the key steps to creating your own automated webinar system. I'm also going to be sharing how you can join our 30 day challenge a step by step 30 day guided course and coaching. So by the end of the 30 days your automated webinar is launched. To register for this live class, go to webinar ninja.com class. Do it now. Because spots are limited, it's absolutely free and I will be there live teaching the class again. That's webinarninja.com class and I'll see you on the webinar. Also, it's Free Ride Friday. If you want to win a free ride to one of our courses, just leave us an itunes rating and review. This automatically enrolls you to our weekly random draw until you win. All you got to do is listen out on Friday to see if you won. It's that simple. So our way to say thanks for showing us love on itunes. All right, let's jump into today's episode. Heyo. Welcome to the $100 MBA show power to the people, the business people, that is every day with our daily 10 minute business lessons for the real world. I'm your host, your coach, your teacher, Omar Zenholm. I'm also the co founder of the Hundred Dollar mba, a complete business training and community online. And in today's lesson you will learn does business get easier as you grow? Many of us in our first few years in our business, we're working super, super hard with the hopes that things will get easier down the line. You'll make more revenue, you'll have a bigger business, you'll be able to hire more people to do more things. But does it actually get easier or is that just a mirage? That's what we'll be sharing with you today. The truth as well as the challenges and the positives. This is a very important episode, especially if you're feeling burnt out right now. Especially if you feel that every day you build your business it's getting harder. I guarantee by the end of today's episode you'll be informed, but you'll also feel better. So let's get into it. Let's get down to business. This episode is inspired by a quote I heard from Jason Fried. Jason Fried is the co founder of Basecamp, a software company that has been around nearly two decades with over 100,000 paying users. I heard this quote from Jason Fried on a podcast. It was called the Drive by Peter Attia. And the quote is business is hard and it only gets harder. He mentions on the podcast that not enough people are talking about this. This is kind of getting swept under the rug and this is actually not a good thing. Not good for entrepreneurs, not good for those who are thinking of becoming entrepreneurs. So I wanted to utilize this podcast, my platform, to talk about it, to put some light on this topic, because I totally agree with Jason Fried. Business is hard and over the course of your business, it only gets harder. I mean, if I look at a business like our software business webinar Ninja, it's a little over five years now. Year two was harder than year one and year three was harder than year two. And I can say the same thing with year four and year five and today now you might be thinking, why? Why is it getting harder? Shouldn't it be easier? If your business is growing, you're making more reven, you're making more money, you can hire more people, you're not doing everything yourself. Why is it harder and what does it mean for you? Your sanity and your business? Well, Jason touches on Some of these things in the podcast, but I want to elaborate a little bit. This is what happens when your business starts to grow. You start making some profit. You're getting some customers, customers are buying your product, you're making money. So you reinvest. You might reinvest in marketing, and that gets you more customers. But then you realize you need to handle these customers. So you got to hire some people to help these customers, whether it's customer service or success. But then you realize that MVP of your product is just not going to cut it if you want to compete. So you start improving your product. So you start hiring some engineers, you start hiring some marketing people, you start hiring some salespeople, some project managers. So you go from being maybe a solopreneur or a team of three to a team of 10, 15, 20. So now you're managing all these people, all these personalities with different mindsets, with different values. When I say values, I'm not talking about, you know, their values don't align with the company, but just life values, belief systems, different needs, different ways of working. There's going to be personality conflicts within your office, within your business. It doesn't take that many people for this to happen. It could be four or five people. So that's an added pressure for you to manage these people to make sure that they are, one, doing the job that they're hired for, two, working together with your team. Three, they're enjoying their place of work, enjoying their job. And four, they're getting something out of it beyond money. They're learning, they're growing, they're expanding themselves. This does not exist when you're bootstrapping at the start, when you're just really doing things with your small team, you and maybe somebody else, maybe a third person. As your team grows, sort of the ego, sort of people saying, hey, what about me? I need to be recognized. I need to be taken care of. That's just human nature. As your company grows and as you start having more of a presence, your competition starts looking at you. They start seeing you, they start wanting to take you down. You got to deal with hate. You got to deal with social. You got to deal with nasty things that are happening against you by the competition. The other thing is that the longer you do something, the more risk that you have, the more you have to lose, right? To sustain this thing, to keep going. I'll give you a perfect example. Let's say, for example, you say, I want to learn how to play the piano, and you take a few lessons and you try it out for about a month, but then you quit, right? You realize, you know what? I don't really like the piano. It's a lot of time commitment, and it's not something I really love. You're not really too upset about it. Your life goes on. You kind of can move on with no real emotional attachment. But say, for example, you've been playing the piano for five years, and you've put in a lot of practice and a lot of money into lessons, and you bought a really fancy keyboard. If you stop playing the piano, you're gonna feel guilty. You're gonna feel like, wow, I'm turning my back on that huge investment. And this is called the sunk cost fallacy, you know? And this definitely is a feeling you can resonate with. When you're listening to me right now, I'm sure you're nodding your head. The longer you're in business, the more you have to lose, the more you want to keep this going. That pressure is heavy. Now, if you're the leader of the business, business gets harder and harder because the challenges get harder and harder. You're ultimately responsible for everything. Any mistake in the business is ultimately your fault, even if it's somebody else who did it. You made that hire, you made that choice. Or you didn't train them properly or you didn't have the procedure in place to prevent that from happening. That doesn't exist when you're doing everything and you're low key and you're low pressure and nobody knows you. There's also the pressure of screwing up, getting things wrong, pushing a wrong update or a wrong product, or writing the wrong thing on social by mistake or screwing up on stage. Everything counts. When you're bigger, the stakes are higher. There's more eyeballs on you. When you're at the start, no one's paying attention. So when you make mistakes, it's not a big deal. That's the blessing of being new and being green. But when you're well established and been doing it for years and people know who you are and they're looking to you when you're on stage or you're on the spotlight and you screw up, it damages more than just you, damages your company, damages your brand. So, yes, business gets harder as you go, and that's just the truth of the matter. And people don't talk about it. I agree with Jason Fried and people should talk about it more because it's the reality. I rather somebody give me the reality so I know what to expect so I can Prepare myself now. It's not all doom and gloom. One of the best things about business, in my opinion, is that it does get harder. You're probably like, Omar, what are you talking about? How is that the best thing? Well, it reminds me of a quote from Jim Rohn who says, don't wish it was easier, wish you were better. So it's basically the reverse of that quote. When things get challenging, when things get more and more challenging in your business, it forces you to get better. It forces you to improve as a leader, as an entrepreneur. It forces you to change. It forces you to improve. It forces you to aspire to greater things, because if you don't, you're going to fail. And that pressure, in my opinion, is a good type of pressure. A type of pressure to push you to improve, to innovate, to listen to advice from people, from your mentors, to be open to criticism, to understand that you don't have all the answers and you're not perfect. And yeah, maybe you built a great business, but. But let's get real. A lot of that is timing. A lot of that is luck. And you can classify luck the way you want to classify. It could just be a chance thing. It could be a gift from above. It could be anything that you classify as luck. But the point is that it's just not your skill. So check your ego aside, check yourself before you wreck yourself, so to speak. You got to keep on improving if you're going to stay in this game, if you're going to survive. The late Steve Jobs, when he started Apple in his garage, he was a totally different person than he was when he was a CEO of Apple, when they launched the iPhone, right, that person changed. He became somebody different. And it's because of those challenges he was able to do that. So, yes, business is hard, and it does get harder, but you get better. It's an opportunity for you to get better. And my buddy Noah KAGAN over at Sumo.com, one time, I was having a really tough day and I was chatting with him and he said to me, I know that it was challenging, but hey, if there wasn't any problems or challenges, life would be boring. And he's right in a way. You know, unfortunately, sometimes we have challenges in business and there's a bit of drama, but overcoming those challenges gives us flavor in our life. Of course, we don't want this all the time, but without the challenges, there's just simply no flavor to life. So if you're just starting out, I want to be super clear. Business is hard and things are hard right now for you, but they're going to get more and more hard. And it's like going up a level in a video game. The difficulty level gets harder, but you get better at the game. You start learning from your mistakes, you start learning from your experiences. You get used to the way things work. You start building skills. Making money is a skill. Running a business is a skill. Knowing how to hire the right people is a skill. And the more you do it, the more you're going to get better at it and you'll be able to take on these challenges.

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Wrap up today's lesson, yes, business is hard and it gets harder. But this is important information for you to know as you move forward. You need to plan out not only your business, but your involvement in that business, your life in that business. Ultimately, as a leader of your business, you want to be able to lead and manage your team properly. And of course, you don't want to burn out. You want to make sure that you're here for the long haul. So yes, hiring people will help you offload some of the tasks that you're doing now and be able to do them better than you. But understand, whatever you work on in the business, whatever your area of expertise will be, you will be faced with challenges and that's okay. That's how we get better. Thank you so much for listening and being a listener of this podcast. It means so much to me and to the whole team that run this podcast. Nicole, our producer, Carl, our engineer, our sound engineer as well as editor and Connor, our content writer. Today is free on Friday so I gotta give away a lifetime membership to easy course, our 30 day course on how to build your own online course in 30 days. Let's see who won this week's free ride. And the winner is. Alibazi77 Ali says the most underrated podcast. Five stars. I listen to this podcast every day. Omar has allowed me to see business in a whole new way. The advice I've gotten from his show has had a greater impact than all my classes I've taken in university. Omar doesn't just give business advice. He gives real world examples based on his personal experiences or the experiences of others. I love this show. Keep up the great work, Omar. Well, thank you Ali for that amazing review. We do our best here with the $100 MBA Show. Your mission is to email me at Omar at 100 MBA net so I can hook you up with Easy course. Our course that sells for $500 over at EasyCourse co. You want it by leaving us a review. If you want to win a free ride, just leave us an iTunes rating review just like Ali did and you enter our weekly random draw. Just listen on Friday. See if you won. That simple. That easy. It's our way to say thanks for showing us love on itunes. Thanks for listening to the show. Before I go, I want to leave you with this. I want you to take 30 minutes to an hour this weekend and ask yourself, what does your business look like in five years? Five years flies by. What do you want your business to look like? How many employees? How much money you're making? What other products that you have? What kind of customers do you serve? How many customers? Is it a remote team? Is it a physical office? I want you to envision what that's like and then I want you to envision what going to work and managing a team like is going to be the reality of the day to day. Is that something you want? Is that something that you're happy with? Is that something that gets you excited in the morning? If not, change the vision. Now's the time. Want you to time travel for a little bit and imagine what it's like to live that life, to run that kind of business. Whether you're in your first year of business or your 10th year in business, this exercise is helpful looking down the road. Thank you so much for listening and I'll check you in Monday's episode. I'll see you then. Take care. Of.

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